Chelsea get major Stamford Bridge development update as £80m deal confirmed

Chelsea have agreed to purchase most of a 1.2 acre site from the Stoll Foundation. The sale is subject to contract with completion expected in early 2024.

The area sits next to Stamford Bridge and will allow for the possibility to expand the area of the stadium should it be redeveloped.

The deal had been agreed by the board of trustees in July but had to go through a nine-week consultation process. Stoll suggest that the deal will see them be able to offer better services for veterans and to secure their future.

They said on X: «Today we have announced that we have agreed to sell the majority of our Fulham site to the Chelsea FC ownership group following a 9-week resident consultation. This will enable us to establish new properties, better services for veterans & secure Stoll's financial sustainability.»

Reports suggest Chelsea have purchased the land for as much as £80million, but may not take possession of it until 2025. Approximately 100 homes look to have been sold with the charity retaining 20 flats.

Stoll considered refurbishing the site or rebuilding part of it but noted that the endeavour would require funds they do not have and intend for the sale to help establish new properties 'with greatly improved grounds, accommodation and facilities'.

Stoll Chief Executive, Will Campbell-Wroe, said: “The Chelsea FC ownership group’s offer enables us to limit uncertainty for residents and offer support over a longer period of time.”

Paul Merson warns Mikel Arteta about 'unplayable' Chelsea star who could end Arsenal streak

Chelsea news and transfers LIVE — Thiago Silva contract, Romeo Lavia update, first January deal

While the purchase of the land opens up possibilities within the vicinity of Stamford Bridge, nothing is